Spectrophotometers Market Report 2024 (Global Edition)

Global Spectrophotometers Market Report 2024 Market Size Split by Type (UV-Visible Spectrometry, IR-Spectrometry, Nuclear Magnetic Resonance (NMR), Near Infrared Spectrometry, Raman Spectrometry), by ...

Spectrophotometers Market Report Description

We have various report editions of Spectrophotometers Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Spectrophotometers Market Insights Video

Competitive Landscape of the Spectrophotometers Market

To expand their line of business and solidify their place in the market, a number of industry participants are employing acquisition tactics. Moreover, there are a number of major competitors functioning globally in the competitive spectrophotometer market. Spectrophotometer, spectroscopy, and analytical instrument manufacturers are some of the major companies in the market. Product innovation, R&D, forming strategic alliances, and growing their market share are the main priorities of these businesses.

December 2019: Under the UV-i Selection brand, Shimadzu Corp. unveiled six new UV-VIS spectrophotometer models: the UV-1900i, UV-3600i Plus, UV-2600i, UV-2700i, SolidSpec-3700i, and SolidSpec-3700i DUV. These models are utilized in academia, the pharmaceutical industry, and the chemical industry. They are outfitted with the LabSolutions UV-Vis data system. (Source: https://www.shimadzu.com/news/1z382ne1eaw-eosm.html )

Top Companies Market Share in Spectrophotometers Industry: (In no particular order of Rank)

• Perkin Elmer
• Inc
• Danher
• Inc.
• Water Corporation
• Biochrom
• Ltd.
• Agilent Technologies
• Analytik Jena AG
• Shimadzu Corporation
• Bruker Corporation
• Thermo Fisher Scientific
• Inc.
• Bio-Rad Corporation
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Spectrophotometers Market

Which Region Dominates the Spectrophotometers Market in 2024?

According to Cognitive Market Research, North America currently dominates the Spectrophotometers market, and the region is expected to have significant growth during the projected period propelled by the existence of firmly established sectors, including the chemical, pharmaceutical, and automobile industries. There is a strong need for spectrophotometers in the area because of the emphasis placed on quality assurance, research and development, and adherence to industry standards.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) propelled by the processes of urbanization, industrialization, and rising R&D spending. China and India, two of the region's developing economies, are significant spectrophotometer users, mostly in the textile, food, beverage, and pharmaceutical sectors.

The current report Scope analyzes Spectrophotometers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Spectrophotometers

According to Cognitive Market Research, the global Spectrophotometers market size was estimated at USD 15245.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 6098.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Spectrophotometers market with a market size of USD 4811.39 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period because of the biotechnology and pharmaceutical industries' increasing demand.
• The Canada Spectrophotometers market had a market share of USD 731.77 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Spectrophotometer demand is driven by the increasing focus on market competitiveness, regulatory compliance, and product quality.
• The Mexico Spectrophotometers market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 554.93 million in 2024.

Europe Spectrophotometers

According to Cognitive Market Research, the global Spectrophotometers market size was estimated at USD 15245.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 4573.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Spectrophotometers market had a market share of USD 768.36 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period propelled by the processes of urbanization, industrialization, and rising R&D spending.
• The France Spectrophotometers market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 420.77 million in 2024.
• According to Cognitive Market Research, the German Spectrophotometers market size was valued at USD 905.56 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. The nation's emphasis on environmental sustainability and growing investments in the healthcare and life sciences industries are driving up demand for spectrophotometers.
• The Italy Spectrophotometers market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 393.33 million in 2024.
• The Russia Spectrophotometers market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 708.90 million in 2024.
• The Spain Spectrophotometers market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 375.03 million in 2024
• The Luxembourg Spectrophotometers market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 141.78 million in 2024.
• The Portugal Spectrophotometers market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 96.04 million in 2024.
• The Greece Spectrophotometers market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 54.88 million in 2024.
• The Rest of Europe's Spectrophotometers market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 708.90 million in 2024.

Asia Pacific Spectrophotometers

According to Cognitive Market Research, the global Spectrophotometers market size was estimated at USD 15245.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3506.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Spectrophotometers market size was valued at USD 1577.88 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period due to the growing demand from the pharmaceutical and biotechnology industries.
• The Japan Spectrophotometers market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 483.88 million in 2024.
• The India Spectrophotometers market had a market share of USD 420.77 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. The need for spectrophotometers is rising as a result of the country's emphasis on environmental sustainability and rising investments in the healthcare and life sciences sectors.
• The South Korean Spectrophotometers market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 350.64 million in 2024.
• The Australian Spectrophotometers market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 182.33 million in 2024.
• The South East Asia Spectrophotometers market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 241.94 million in 2024.
• The Rest of Asia Pacific Spectrophotometers market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 248.95 million in 2024.

South America Spectrophotometers

According to Cognitive Market Research, the global Spectrophotometers market size was estimated at USD 15245.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 762.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Spectrophotometers market size was valued at USD 326.25 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The growing emphasis on product quality, regulatory compliance, and market competitiveness is driving the need for spectrophotometers.
• Argentina's Spectrophotometers market had a market share of USD 128.06 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period driven by increasing R&D spending, industrialization, and urbanization processes.
• Colombia Spectrophotometers market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 67.48 million in 2024.
• Peru Spectrophotometers market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 62.51 million in 2024.
• Chile Spectrophotometers market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 54.88 million in 2024.
• The Rest of Latin America's Spectrophotometers market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 122.27 million in 2024.

Middle East and Africa Spectrophotometers

According to Cognitive Market Research, the global Spectrophotometers market size was estimated at USD 15245.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 304.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..

• The GCC Countries Spectrophotometers market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 130.50 million in 2024 as a result of the biotechnology and pharmaceutical industries' increasing need.
• The Egypt Spectrophotometers market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 32.01 million in 2024.
• The South Africa Spectrophotometers market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 48.17 million in 2024 driven by the processes of industrialization, urbanization, and rising R&D expenditures.
• The Turkey Spectrophotometers market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 26.22 million in 2024.
• The Nigeria Spectrophotometers market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 32.01 million in 2024.
• The Rest of the MEA Spectrophotometers market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 35.98 million in 2024.

Spectrophotometers Market Analysis

Spectrophotometers Market Type Segment Analysis

According to Cognitive Market Research, UV-Visible Spectrometry category is likely to dominate the Spectrophotometers Market over the forecast period. The method known as UV-visible spectrometry is used to determine the wavelength of light that a molecule absorbs and emits. With this kind of spectrophotometer, the spectrum of a sample is measured using visible light. Qualitative analysis employs UV-visible spectroscopy to ascertain the existence or non-existence of specific chemicals within a specimen. Quantitative analysis, which may ascertain a substance's concentration in a sample, also employs this kind of spectrophotometer. Proteins and chemical substances are frequently examined using UV-visible spectrometers. They can also be employed to quantify the quantity of light a substance absorbs or emits.

The Nuclear Magnetic Resonance (NMR) is the fastest-growing segment in the Spectrophotometers Market. A spectroscopic method for observing changes in an atom's nuclear spin state is nuclear magnetic resonance (NMR). NMR is a useful tool for studying the dynamics and structure of molecules. The magnetic fields surrounding a molecule's atom nuclei have an impact on its NMR spectra. The dynamics and structures of molecules can be inferred from the spectra. There are numerous uses for nuclear magnetic resonance in physics, biology, and chemistry. It is specifically utilized to research big biological molecules like proteins.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Spectrophotometers Industry. Request a Free Sample PDF!

Spectrophotometers Market Application Segment Analysis

According to Cognitive Market Research, the pharmaceutical segment holds the largest share of the market. To verify the safety and effectiveness of their medications, pharmaceutical companies use spectrophotometers to examine the chemical makeup of the pharmaceuticals. Scientific instruments play a crucial role in research and development as they facilitate scientists' comprehension of the characteristics of pharmaceutical substances and their interplay with biological systems. The pharmaceutical industry is seeing a rise in demand for spectrophotometers because of their accuracy and dependability in assessing molecular structures and concentrations, particularly with the growing emphasis on tailored therapies and precision medicine.

In the Spectrophotometers Market, biotechnology has been expanding at a rapid pace. Spectrophotometers are used in biotechnology to analyze proteins and DNA, as well as for gene expression research, enzyme kinetics, and cell viability tests. With the use of these tools, researchers may precisely quantify biomolecules and examine a range of biological processes at the molecular level in molecular biology labs. The need for spectrophotometers with improved sensitivity and adaptability has grown as a result of biotechnology advancements like gene editing and synthetic biology.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Spectrophotometers Technology Segment Analysis

Spectrophotometers Market Technology Segment Analysis

According to Cognitive Market Research, the molecular spectroscopy segment holds the largest market share. All types of spectrometry, including Raman, IR, NMR, and UV-visible, are included in molecular spectrometry. In order to determine the concentration and molecular structure of a substance, UV-visible spectrometry examines the absorption of both visible and ultraviolet light. Using infrared spectrometry, one can detect functional groups in molecules by analyzing this part of the electromagnetic spectrum. Using comprehensive structural information, NMR spectroscopy explores the magnetic characteristics of atomic nuclei.

In the Spectrophotometers market, the rapidly growing sector is the mass spectroscopy category. Techniques used in mass spectrometry include triple quadrupole liquid chromatography-mass spectrometry (LC-MS/MS), quadrupole time-of-flight liquid chromatography-mass spectrometry (LC-QTOF-MS), matrix-assisted laser desorption/ionization (MALDI), and liquid chromatography-mass spectrometry (LC-MS/MS). LC-MS is a compound separation and analysis technique that combines mass spectrometry and liquid chromatography.

• Molecular Spectroscopy
• Atomic Spectroscopy
• Mass Spectroscopy

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

Author's Conclusion